Jackson Launches Suite Of Fixed Index Annuities Focused On Accumulation

LANSING, Mich.–(BUSINESS WIRE)–Jackson National Life Insurance Company® (Jackson®), the main operating subsidiary of Jackson Financial Inc.¹ (NYSE: JXN), has launched Jackson Fixed Index Accumulation™ and Jackson Fixed Index Accumulation™ Advisory, fixed index annuities that protect retirement savings while providing growth potential. Jackson Fixed Index Accumulation (commission-based) and Jackson Fixed Index Accumulation Advisory (fee-based) each offer 5- and 7-year options, giving consumers choices based on their individual needs and retirement timeline. Additionally, Jackson has introduced Jackson Protection Advantage™, a 10-year contract that is offered directly to independent agents.

“The launch of the Jackson Fixed Index Accumulation™ Suite highlights our continued focus on delivering innovative products that meet the needs of consumers and support long-term retirement planning strategies,” said Alison Reed, EVP, Head of Distribution, Jackson National Life Distributors LLC (JNLD), the marketing and distribution business of Jackson. “This product suite offers financial professionals and their clients meaningful flexibility through five available indices and four different crediting methods. All five indices are available across each crediting method and can be used in any combination, giving financial professionals greater ability to tailor products to individual client needs and objectives.”

Jackson Fixed Index Accumulation Suite and Jackson Protection Advantage features include the following:

• Multiple Index Options: To provide increased diversification², five index options can be allocated in any combination, including the S&P 500, Dow Jones Industrial Average, Nasdaq-100, Russell 2000 and MSCI EAFE. Jackson will not restrict which index options can be selected with each crediting method, offering consumers a broad menu of available equity exposures in the market³.
• Guaranteed Cap⁴ and Guaranteed Performance Trigger⁵ Crediting Methods⁶: Clients can lock in the cap rate or performance trigger rate, removing uncertainty with what the renewal rate will be for the duration of the 5-, 7- or 10-year withdrawal charge/market value adjustment period. Additional crediting methods available include non-guaranteed cap and non-guaranteed performance trigger.
• Higher Crediting Premium Rate Band: The Jackson Fixed Index Accumulation Suite offers higher caps/rates on larger premium amounts. In addition to the $0-$99,999 and $100,000 or more rate bands, this product includes an additional crediting band for contracts with $500,000 or more in premium.
• Embedded GMAB: The embedded guaranteed⁷ minimum accumulation benefit (GMAB) guarantees that the contract value will not be less than 100% of the premiums paid, adjusted for withdrawals, at the end of the withdrawal charge/market value adjustment period. For the fee-based product, financial professionals are able to take the advisory fee⁸ from the contract without negatively impacting the GMAB or the return of premium component of the death benefit calculation.
• Extended Care⁹ and Terminal Illness¹⁰ Withdrawal Charge Waivers: There is no limit on the frequency of withdrawals that can be made utilizing these waivers and no cap on the amount of money that can be withdrawn.

Jackson also recently announced updates to its single premium immediate annuity (SPIA) product.

• Jackson SPIA™: The new product, available in all states except New York, offers additional income options, including joint continuation and installment refund options. The product includes flexibility for increasing payment options available with many of the income options.

“Retirees want confidence that their savings can provide a reliable stream of income throughout retirement,” said Matt Lemieux, Head of Product & Advanced Planning Solutions, JNLD. “The refresh of our SPIA product gives financial professionals more ways to structure income around each client’s priorities, including how payments continue for a spouse or whether income can increase over time.”

Financial professionals who would like to learn more about Jackson’s recent product enhancements can contact the company at 1-800-711-7397, connect with their local wholesaler or visit http://www.jackson.com/financial-professional.

About Jackson

Jackson® (NYSE: JXN) is committed to helping clarify the complexity of retirement planning—for financial professionals and their clients. Through our range of annuity products, financial know-how, history of award-winning service* and streamlined experiences, we strive to reduce the confusion that complicates retirement planning. We take a balanced, long-term approach to responsibly serving all our stakeholders, including customers, shareholders, distribution partners, employees, regulators and community partners. We believe by providing clarity for all today, we can help drive better outcomes for tomorrow. For more information, visit www.jackson.com.

*SQM (Service Quality Measurement Group) Call Center Awards Program for 2004 and 2006-2025. (Criteria used for Call Center World Class FCR Certification is 80% or higher of customers getting their contact resolved on the first call to the call center (FCR) for three consecutive months or more.)

1 Jackson National Life Insurance Company is a wholly owned subsidiary of Jackson Financial Inc. Jackson Financial Inc. is a publicly traded company.

2 Diversification does not assure a profit or protect against loss in a declining market.

3 Investors are not buying shares of any stock or index and cannot invest directly in an index. The payment of dividends is not reflected in the index return.

4 A crediting method with the stated amount of potential gain, if the index return is positive, that could be credited for a selected term. The guaranteed cap rate (GCR) is declared at the beginning of the initial index account option term, is generally a lower rate than the non-guaranteed cap rate and will not change during the guarantee period.

5 A crediting method that credits a stated rate of interest if the index performance meets or exceeds a specified performance threshold during the selected term. The guaranteed performance trigger rate (GPTR) is declared at the beginning of the initial index account option term, is generally a lower rate than the non-guaranteed performance trigger rate and will not change during the guarantee period.

6 The guaranteed crediting methods can only be elected on the contract issue date. The guaranteed crediting methods cannot be elected again on funds that are transferred or withdrawn out of the index account option covered by the guarantee. Once index account option value is removed from an index account option with a guaranteed crediting method, it cannot be reallocated into a new or existing guaranteed crediting method. The guaranteed rates will not change during the withdrawal charge/market value adjustment period.

7 Guarantees are backed by the claims-paying ability of Jackson National Life Insurance Company.

8 At product launch, the maximum advisory fee is 1.25%.

9 State variations may apply. Owners will be eligible for this waiver of withdrawal charge after the first contract anniversary. If the owner or joint owner is confined to a nursing home or hospital for 90 consecutive days by medical necessity beginning after the contract issue date, you may access up to 100% of the contract value free of withdrawal charges. All contract values will be reduced proportionately. This benefit may be exercised multiple times, up to the contract value. Taxes may apply. This does not apply to Jackson Fixed Index Accumulation Advisory 5 or Jackson Fixed Index Accumulation Advisory 7.

10 State variations may apply. Owners will be eligible for this waiver of withdrawal charge after the first contract anniversary. If the owner or joint owner is diagnosed with a terminal illness that is expected to result in death within 12 months, you may access up to 100% of the contract value free of withdrawal charges. All contract values will be reduced proportionately. This benefit may be exercised multiple times, up to the contract value. Taxes may apply. This does not apply to Jackson Fixed Index Accumulation Advisory 5 or Jackson Fixed Index Accumulation Advisory 7.